New Measures and Strategies for Managing Capital Gains | |
Effective June 25, 2024, Canada’s Budget 2024 raises the capital gains inclusion rate to two-thirds for corporations and trusts, and for individuals on gains above $250,000. This adjustment affects high-gain investments, particularly in professional corporations, real estate, and employee stock options. Planning strategies include crystallizing gains via Section 85(1) rollovers, utilizing share exchanges under Sections 51 and 86, and applying carryforward net capital losses. Due to the intricate tax implications and pending legislative details, consulting a tax professional is highly recommended. For more information please visit - https://www.maroofhs.com/post/tax-alert-capital-gains-inclusion-rate-changes-and-planning-opportunities-canada/ Address: Maroof HS CPA Professional Corporation 4102-85 Queens Wharf Rd Toronto, M5V 0J9, ON Canada (647)724-4308 | |
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Target Prov.: Ontario Target City : Toronto Last Update : May 21, 2024 1:41 AM Number of Views: 48 | Item Owner : Maroof Contact Email: Contact Phone: (647)724-4308 |
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